The CBIRC says that Huarong’s operations are normal and liquidity is ample
If you’re wondering what the deal on Huarong is, you can check out my post yesterday . As mentioned then, Chinese authorities are surely not going to let Huarong default/collapse considering its stature, and the latest statement above reaffirms that.

Bitcoin slumps 4% in a drop back below $61,000
The anticipation ahead of Coinbase IPO provided an impetus for Bitcoin to push above $64,000 earlier in the week but the disappointing performance in Coinbase shares have provided little reason for investors to be cheerful in following through on the move.

Latest data released by Eurostat – 16 April 2021

Forex news from the European trading session – 15 April 2021
Headlines:
Markets:
– CAD, NZD lead, EUR lags on the day
– European equities a little higher; S&P 500 futures up 0.4%

Dollar climbs to the highs for the day against the euro, pound, franc
As mentioned, just be mindful that there is some expectation that we may see stronger numbers than anticipated – on top of the already strong estimates. So, there is a slight propensity to expect an upside surprise to the report later.

A bit of a quiet one in Europe once again
Major currencies aren’t doing a whole lot, with the dollar holding a tad mixed as it sits lower against the yen (which is helped by lower yields) while commodity currencies are extending gains on the week amid the more buoyed risk sentiment.

Shanghai Securities News reports on the matter
Central banks across the globe have mitigated credit risks rather well during this unprecedented time but in China, worries are starting to surface again amid the whole Huarong debacle over the past two weeks or so.

10-year yields down 1.7 bps to 1.615%
Aside from some modest strength in commodity currencies, owing to firmer risk sentiment, not much else is happening as the market counts down to the US retail sales report later.

EU to receive 50 million doses of Pfizer vaccine earlier in Q2 rather than in Q4 as scheduled initially
That is a welcome boost for the vaccine rollout as EU president von der Leyen touts a milestone achievement for the bloc as they reach 100 million vaccinations. Things are starting to pick up now in the

Goldman Sachs reports strong earnings after JP Morgan